FRX 5.26% 2.0¢ flexiroam limited

Ann: Quarterly Update and Appendix 4C - March 2022, page-19

  1. 4,278 Posts.
    lightbulb Created with Sketch. 815
    I am concerned by the lack of liquidity.

    No big fund can buy in here. And lets face it, funds are the only way to get share prices moving.

    If a fund decided to take a position, they would want a decent position, like $100K or 2.5M shares at least, then it would take the share price off the charts. If they wanted a 200K position it would take the SP to 10c !

    There needs to be more shares to buy and more buyers to buy when they want out, to attract a fund managers interest. Liquidity.

    There are 609M shares on issue and the top20 hold 340M of them, or 68% but no one is selling, which is a good thing.

    But if I wanted a million shares, it would take the SP to .049c and sell a million it would drop to 2c !

    Just not an option for a fund.


 
watchlist Created with Sketch. Add FRX (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.001(5.26%)
Mkt cap ! $14.95M
Open High Low Value Volume
2.0¢ 2.2¢ 2.0¢ $13.99K 697.0K

Buyers (Bids)

No. Vol. Price($)
3 728617 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 124369 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
FRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.